KULR seeks Delaware court validation of defective corporate acts and stock issuances
KULR•KULR Technology Group petitioned a Delaware court to validate stock issuances, charter amendments and board actions affected by authorization defects. Disputed actions include Series A Preferred Stock issued to CEO Michael Mo and a reverse split that raised his voting power to approximately 71%.
1. Petition seeks validation
KULR Technology Group filed a petition dated October 23, 2026, seeking court validation of stock issuances, charter amendments and board actions affected by authorization defects. The petition says the mix of valid and potentially invalid publicly traded shares prevents stockholder ratification and warns unresolved uncertainty could hamper financing, public offerings and significant corporate transactions.
